RALEIGH, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CAROLINA BALLET INC, founded in 1984, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.2M, a strong 20% operating margin.
CAROLINA BALLET'S MISSION IS TO PERFORM WORLD-CLASS PROFESSIONAL BALLET, ENTERTAINING AND ENLIGHTENING AUDIENCES IN RALEIGH, THE TRIANGLE REGION, THE STATE OF NORTH CAROLINA, AND BEYOND. CAROLINA BALLET WORKS TO ACCOMPLISH THIS MISSION BY (CONT. ON SCH. O)1) ATTRACTING, DEVELOPING ENLIGHTENING DANCERS AND ARTISTIC PERSONNEL COMBINED WITH A FISCALLY RESPONSIBLE MANAGEMENT TEAM AND BOARD OF DIRECTORS; 2) COMMISSIONING NEW WORKS BY INNOVATIVE CHOREOGRAPHERS; 3) PRESENTING TRADITIONAL BALLETS OF LEGENDARY MASTERS; AND 4) EDUCATING CURRENT AND FUTURE AUDIENCES THROUGH PROGRAMS FOR SCHOOL CHILDREN & YOUNG ADULTS AND OTHER PERFORMANCE OUTREACH ACTIVITIES.
CAROLINA BALLET OFFERS CLASSICAL WORKS, TRADITIONAL STORY BALLETS, AND INNOVATIVE NEW CHOREOGRAPHY, AS WELL AS AN ANNUAL NUTCRACKER PROGRAM. WE PERFORM APPROXIMATELY 75-80 TIMES EACH SEASON. EACH...
CAROLINA BALLET OFFERS CLASSICAL WORKS, TRADITIONAL STORY BALLETS, AND INNOVATIVE NEW CHOREOGRAPHY, AS WELL AS AN ANNUAL NUTCRACKER PROGRAM. WE PERFORM APPROXIMATELY 75-80 TIMES EACH SEASON. EACH YEAR, WE DONATE OVER 2,500 TICKETS TO COMMUNITY SERVICE NONPROFITS AND PERFORM A "FREE" NUTCRACKER COMMUNITY PERFORMANCE IN DECEMBER. SINCE 1998, WE HAVE PRESENTED APPROXIMATELY 1,150 PERFORMANCES TO MORE THAN 1M PEOPLE.THE BALLET HAS REACHED MORE THAN 100,000 CHILDREN (PRE-K TO HIGH SCHOOL) THROUGH VARIOUS OUTREACH AND EDUCATION PROGRAMS. SUCH AS DANCERS IN SCHOOLS WHICH PRESENTS HANDS-ON BALLET DEMONSTRATIONS BY PROFESSIONAL DANCERS IN ELEMENTARY SCHOOLS.CONTINUED ON SCHEDULE OWE CONTINUE TO TRAIN AND ENGAGE YOUNG AND EMERGING DANCERS THROUGH OUR RUTH S. SHUR SUMMER INTENSIVE, ONE OF THE TOP-RATED SUMMER BALLET TRAINING PROGRAMS IN THE COUNTRY. OUR SCHOOL OF CAROLINA BALLET (SCB) OFFERS PROFESSIONAL DANCE TRAINING AFTER SCHOOL FOR AGES 6 AND UP. SCB PROVIDES SCHOLARSHIPS FOR ECONOMICALLY DISADVANTAGED STUDENTS, REGARDLESS OF RACE OR GENDER.CAROLINA BALLET IS PROUD OF OUR ORGANIZATION'S RESILIENCE, ADAPTABILITY, AND FLEXIBILITY THROUGHOUT THE PANDEMIC. WE RECENTLY CELEBRATED OUR 25TH ANNIVERSARY DURING FY 2022-2023, MARKING AN IMPORTANT MILESTONE IN OUR JOURNEY. AS WE LOOK AHEAD, WE ARE EXCITED TO ANNOUNCE A FREE SWAN LAKE PERFORMANCE IN MAY 2025 DURING OUR FY 2024-2025 SEASON.IN ADDITION TO OUR CORE PROGRAMS, OUR ARTISTIC DIRECTOR/CEO DEMONSTRATES A PERSONAL COMMITMENT TO THE COMMUNITY BY TEACHING AT THE WOMEN'S HOMELESS SHELTER AND LEADING CLASSES FOR THE WAKE COUNTY FOSTER PROGRAM HERE AT OUR STUDIOS, EXPANDING OUR REACH AND IMPACT BEYOND THE STAGE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $10,937,409 | $9,651,562 | +0.1% |
| Expenses | $8,775,339 | $8,753,508 | +0.0% |
| Net Income | $2,162,070 | $898,054 | +1.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MS KAREN FOSTER | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MRS STEFANIE KAHN | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MRS JANE SMALL | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MS MEG DEAL | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MS ELISE HOBBS-GANNAWAY | VICE-TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR LENORE BEHAR PHD | BOARD MEMBER 2024 | 1.00 |
Director
|
$0 | $0 | $0 |
| MR MAURICE BOSWELL | BOARD MEMBER 2024 | 1.00 |
Director
|
$0 | $0 | $0 |
| MRS SUSAN BRIGHAM | BOARD MEMBER 2026 | 1.00 |
Director
|
$0 | $0 | $0 |
| DR JOSEPH BUMGARNER | BOARD MEMBER 2025 | 1.00 |
Director
|
$0 | $0 | $0 |
| DR ANNA GOODMON MD | BOARD MEMBER 2024 | 1.00 |
Director
|
$0 | $0 | $0 |
| DR ROB SCHANTZ | BOARD MEMBER 2025 | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES SILVER | BOARD MEMBER 2026 | 1.00 |
Director
|
$0 | $0 | $0 |
| MR BRANDON STATEN | BOARD MEMBER 2026 | 1.00 |
Director
|
$0 | $0 | $0 |
| MR KATHERINE WHITE | BOARD MEMBER 2026 | 1.00 |
Director
|
$0 | $0 | $0 |
| MS LESLEY WILSON | BOARD MEMBER 2026 | 1.00 |
Director
|
$0 | $0 | $0 |
| MRS JUDY ZELNAK | BOARD MEMBER 2024 | 1.00 |
Director
|
$0 | $0 | $0 |
| ZALMAN GRINBERG | ARTISTIC DIRECTOR/CEO | 60.00 |
Officer
|
$168,830 | $5,987 | $174,817 |
| AJI TOURAY | DIRECTOR OF HR & ACCOUNTING | 60.00 |
Officer
|
$89,407 | $7,010 | $96,417 |
| JAN CATLIN | BALLET MASTER/CHAIR OF FACULTY | 60.00 |
Highest
|
$102,113 | $6,017 | $108,130 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $10,937,409 | $8,775,339 | $8,708,518 | $2,162,070 |
| 2023 | $9,651,562 | $8,753,508 | $4,769,065 | $898,054 |
| 2022 | $7,597,058 | $6,288,152 | $3,987,257 | $1,308,906 |
| 2021 | $3,304,683 | $3,452,811 | $3,269,575 | $-148,128 |
| 2020 | $5,042,638 | $5,741,251 | $2,591,733 | $-698,613 |
| 2019 | $5,312,924 | $6,151,197 | $3,282,910 | $-838,273 |
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